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Mr. Greek Restaurants

Franchise

Mr. Greek is a Mediterranean-themed, low cost, casual dining restaurant chain, and one of the biggest Greek restaurant franchises in North America. The menu features Greek staples like pita wraps, gyros, seafood, pasta, chicken, lamb, soup, salad, and hummus.
Mr. Greek Restaurants has two formats: Mediterranean Grill, which is a sit-down establishment with a full menu, and Express, which caters to on-the-go patrons with a limited menu and take-out specials.

Facts & Figures

Liquid capital required

$250,000

Investment

$334,000 - $974,500

Franchise fee

$25,000

Overview

Franchisees are provided with a month-long training program: two weeks at
headquarters and two weeks at the new restaurant. Though the majority of
franchisees are the owners operators, absentee ownership is permitted. One in
three franchisees actually own more than one Mr. Greek location. While all of
the restaurants are currently in Ontario, Canada, Mr. Greek Restaurants is
open to franchising possibilities throughout the world.

Mr. Greek Restaurants Franchise Opportunities - History

In 1988, George Raios bought a restaurant in the Greek area of Toronto. After
a second location was opened successfully in 1992, Mr. Greek Restaurants made
the leap toward franchising in 1993. Currently there are about 25 Mr. Greek
Restaurants, most of which are franchises.

Mr. Greek Restaurants Franchise Cost / Initial Investment / Mr. Greek

Restaurants Franchise Income

Mr. Greek Restaurants has a franchise fee of $35,000 to $50,000 for a 10-year
renewable agreement, although the total initial investment can range from
$400,000 to $750,000. Mr. Greek Restaurants also applies an additional 5%
ongoing royalty fee to its franchisees. Additionally, franchisees should have
a net worth that exceeds half a million dollars, with at least half of that
available in liquid assets.

Mr. Greek Restaurants Business Opportunities: Other Information

Mr. Greek Restaurants gained popularity when it stopped serving MSG and trans
fats in its food. This move helped align the restaurant chain even better with
the Mediterranean Diet. This trendy diet includes using olive oil in place of
less healthy oils, and grilling ingredients over actual fire.

See what Mr. Greek Restaurants is saying

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$1,000,000

Liquid CapitalRequired

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